Standard & Poor's credit rating for Turkey stands at B+ with negative outlook. Moody's credit rating for Turkey was last set at B2 with negative outlook. Fitch's credit rating for Turkey was last reported at B with negative outlook. DBRS's credit rating for Turkey is BB (high) with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Turkey thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Turkey as reported by major credit rating agencies.


AgencyRatingOutlookDate
FitchB Negative Jul 08 2022
FitchB+ Negative Feb 12 2022
S&PB+ Negative Dec 10 2021
FitchBB- Negative Dec 02 2021
FitchBB- Stable Feb 19 2021
Moody'sB2 Negative Sep 11 2020
FitchBB- Negative Aug 21 2020
FitchBB- Stable Nov 01 2019
FitchBB- Negative Jul 12 2019
Moody'sB1 Negative Jun 14 2019
Moody'sBa3 Negative Aug 17 2018
S&PB+ Stable Aug 17 2018
FitchBB Negative Jul 13 2018
Moody'sBa2 Under Review Jun 01 2018
S&PBB- Stable May 01 2018
Moody'sBa2 Stable Mar 07 2018
Moody'sBa1 Negative Mar 17 2017
S&PBB Negative Jan 27 2017
FitchBB+ Stable Jan 27 2017
S&PBB Stable Nov 04 2016
Moody'sBa1 Stable Sep 23 2016
FitchBBB- Negative Aug 19 2016
DBRSBB (high) Negative Jul 21 2016
S&PBB Negative Jul 20 2016
Moody'sBaa3 Negative Watch Jul 18 2016
S&PBB+ Stable May 06 2016
Moody'sBaa3 Negative Apr 11 2014
S&PBB+ Negative Feb 07 2014
DBRSBBB (low) Stable May 23 2013
Moody'sBaa3 Stable May 16 2013
S&PBB+ Stable Mar 27 2013
FitchBBB- Stable Nov 05 2012
Moody'sBa1 Positive Jun 20 2012
S&PBB Stable May 01 2012
FitchBB+ Stable Nov 23 2011
FitchBB+ Positive Nov 24 2010
Moody'sBa2 Positive Oct 05 2010
S&PBB Positive Feb 19 2010
Moody'sBa2 Stable Jan 08 2010
FitchBB+ Stable Dec 03 2009
FitchBB- Positive Watch Oct 27 2009
Moody'sBa3 Positive Sep 18 2009
S&PBB- Stable Sep 17 2009
S&PBB- Negative Nov 13 2008
S&PBB- Stable Jul 31 2008
S&PBB- Negative Apr 03 2008
FitchBB- Stable May 09 2007
S&PBB- Stable Jun 27 2006
S&PBB- Positive Jan 23 2006
Moody'sBa3 Stable Dec 14 2005
FitchBB- Positive Dec 06 2005
Moody'sB1 Positive Feb 11 2005
FitchBB- Stable Jan 13 2005
FitchB+ Positive Aug 25 2004
S&PBB- Stable Aug 17 2004
S&PB+ Positive Mar 08 2004
FitchB+ Stable Feb 09 2004
Moody'sB1 Stable Oct 21 2003
S&PB+ Stable Oct 16 2003
FitchB Positive Sep 25 2003
FitchB- Positive Aug 06 2003
S&PB Stable Jul 28 2003
FitchB- Negative Mar 25 2003
S&PB- Stable Nov 07 2002
Moody'sB1 Negative Jul 10 2002
S&PB- Negative Jul 09 2002
S&PB- Stable Jun 26 2002
FitchB Stable Feb 05 2002
S&PB- Positive Jan 29 2002
Moody'sB1 Stable Jan 15 2002
S&PB- Stable Nov 30 2001
FitchB Negative Aug 02 2001
S&PB- Negative Jul 11 2001
S&PB- Stable Apr 27 2001
S&PB- Negative Watch Apr 17 2001
Moody'sB1 Negative Apr 06 2001
FitchB+ Negative Watch Apr 02 2001
S&PB Negative Watch Feb 23 2001
FitchBB- Negative Watch Feb 22 2001
Moody'sB1 Stable Feb 21 2001
S&PB+ Negative Watch Feb 21 2001
S&PB+ Stable Dec 05 2000
FitchBB- Stable Sep 21 2000
FitchBB- Stable Sep 21 2000
Moody'sB1 Positive Watch Jul 24 2000
FitchBB- N/A Apr 27 2000
S&PB+ Positive Apr 25 2000
FitchB+ Positive Watch Apr 10 2000
S&PB Positive Dec 10 1999
Moody'sB1 Positive Nov 30 1999
S&PB Stable Jan 21 1999
S&PB Positive Aug 11 1998
Moody'sB1 Stable Mar 13 1997
Moody'sBa3 Negative Watch Jan 09 1997
FitchB+ N/A Dec 20 1996
S&PB Stable Dec 13 1996
FitchBB- Negative Watch Jul 29 1996
S&PB+ Negative Watch Jul 17 1996
S&PB+ Stable Oct 18 1995
FitchBB- N/A Sep 26 1995